Question

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product.

Standard Standard Standard
Quantity Price Cost
Direct Materials 8 pounds $ 1.50 per pound $ 12.00
Direct Labor 0.25 hour $ 6.20 per hour 1.55
$ 13.55

During November, TaskMaster purchased 184,000 pounds of direct materials at a total cost of $331,200. The total factory wages for November were $38,000, 90% of which were for direct labor. TaskMaster manufactured 22,000 units of product during November using 162,000 pounds of direct materials and 6,000 direct labor hours.

What is the direct labor efficiency variance for November?

Multiple Choice

  • $3,100

  • $2,839

  • $3,200

  • $2,750

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Standard rate = $6.20 per hour

Standard time = 0.25 hour per unit

Actual output = 22,000 units

Actual time = 6,000 hours

Hence, standard time for actual output = Standard time per unit x Actual output

= 0.25 x 22,000

= 5,500

Direct labor efficiency variance = Standard rate x (Standard time - Actual time)

= 6.20 x (5,500 - 6,000)

= $3,100 (Unfavorable)

First option is correct

Kindly give a positive rating if you are satisfied with the answer. Feel free to ask if you have any doubt. Thanks.

Add a comment
Know the answer?
Add Answer to:
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 36 pounds $ 3.20 per pound $ 115.20 Direct Labor 0.60 hour $ 15.50 per hour 9.30 $ 124.50 During November, TaskMaster purchased 83,000 pounds of direct materials at a total cost of $332,000. The total factory wages for November...

  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 16 pounds $ 2.20 per pound $ 35.20 Direct Labor 0.35 hour $ 10.00 per hour 3.50 $ 38.70 During November, TaskMaster purchased 130,000 pounds of direct materials at a total cost of $312,000. The total factory wages for November...

  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.80 per pound $ 14.40 Direct Labor 0.25 hour $ 8.00 per hour 2.00 $ 16.40 During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $304,000. The total factory wages for November...

  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 7 pounds $ 1.50 per pound $ 10.50 Direct Labor 0.20 hour $ 10.40 per hour 2.08 $ 12.58 During November, TaskMaster purchased 140,000 pounds of direct materials at a total cost of $238,000. The total factory wages for November...

  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 10 pounds $ 2.00 per pound $ 20.00 Direct Labor 0.20 hour $ 9.00 per hour 1.80 $ 21.80 During November, TaskMaster purchased 231,000 pounds of direct materials at a total cost of $508,200. The total factory wages for November...

  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 2.00 per pound $ 16.00 Direct Labor 0.25 hour $ 8.00 per hour 2.00 $ 18.00 During November, TaskMaster purchased 152,000 pounds of direct materials at a total cost of $319,200. The total factory wages for November...

  • TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.70 per pound $ 13.60 Direct Labor 0.40 hour $ 7.00 per hour 2.80 $ 16.40 During November, TaskMaster purchased 168,000 pounds of direct materials at a total cost of $336,000. The total factory wages for November...

  • taskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard...

    taskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Quantity 6 pounds 0.30 hour Direct Materials Direct Labor Standard Price $ 1.60 per pound $10.00 per hour Standard Cost $ 9.60 -3.00 $12.60 During November, TaskMaster purchased 144,000 pounds of direct materials at a total cost of $273.600. The total factory wages for November were $50,000,...

  • Help Save & Exit Submit TaskMaster Enterprises employs a standard cost system in which direct materials...

    Help Save & Exit Submit TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Direct Materials Direct Labor Standard Quantity 38 pounds 0.75 hour Standard Price $ 3.60 per pound $17.00 per hour Standard Cost $136.80 12.75 $149.55 During November. Task Master purchased 104.375 pounds of direct materials at a total cost of $334,000. The total factory...

  • Help Save & Ext Submit TaskMaster Enterprises employs a standard cost system in which direct materials...

    Help Save & Ext Submit TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards for the prime costs of one unit of product Standard Standard Quantity 20 pounds 0.40 hour Cost Direct Materials Direct Labor Standard Price $ 2.40 per pound $11.00 per hour $48.00 4.40 $52.40 During November. Task Master purchased 126,400 pounds of direct materials at a total cost of $316,000. The total...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT